The latest grocery market share figures from Kantar Worldpanel and Nielsen suggest UK consumers shrugged off any worries about the wider economy to increase their grocery spend over the festive period.

UK retail footfall fell by 2% year-on-year in October according to the BRC Springboard footfall and vacancies monitor – the largest rate of decline since the vote to leave the EU in June 2016. Plus sales jump but profits plunge at Carr’s Group and all the rest of the latest news from the City.

The latest Grocer Price Index signalled an end to the era of supermarket deflation as prices in February rose again on an annual basis after two and a half years of price cuts. But how deep were the cuts?